Principles of Economics aims to teach considerable range and depth of Economic concepts through an approachable style and methodology. This book is intended for a two-semester course in Economics taught out of the social sciences or business school.
U.S. History is designed to meet the scope and sequence requirements of most introductory courses. The text provides a balanced approach to U.S. history, considering the people, events, and ideas that have shaped the United States from both the top down (politics, economics, diplomacy) and bottom up (eyewitness accounts, lived experience). U.S. History covers key forces that form the American experience, with particular attention to issues of race, class, and gender.
What is mercantilism? How did economics contribute to rising tensions between the North and the South in the years before the Civil War? What caused the Great Depression? In this video course designed specifically to help students study for the AP US History exam and SAT Subject Test, Professor Brian Domitrovich of Sam Houston State University explains key events in US economic history and surveys different (and sometimes opposing) viewpoints on each event.
Understanding how the headline unemployment rate (U-3) is calculated
How velocity of money can drive price increases
In 2011, federal government spending significantly outweighed revenue. While the federal government spent $3.8 trillion, it collected only $2.2 trillion from various taxes, licenses, and fees. In this video, Professor Antony Davies of Duquesne University explores what the federal government is spending money on and what can be cut to balance the budget.
According to Professor Michael Munger of Duke University, prices are akin to magic. In this video, Professor Munger explains how prices convert countless pieces of dispersed, complex information into a single signal that conveys to sellers what they should do to best benefit society.
What if there were no prices? How would you use available resources? In this video, Professor Howard Baetjer Jr. of Towson University leads you through a thought experiment to illustrate why market prices are essential to human well-being. Suppose you were the commissar of railroads in the old Soviet Union. Markets and prices have been banished. You want a railroad from City A to City B, but between the cities is a mountain range. You can build the railroad around the mountains and use more steel or through the mountain and use more engineering. Which should you choose?
The national debt is so big that it's often hard to comprehend. In this video, Professor Antony Davies of Duquesne University presents the government’s fiscal situation scaled down to the level of an average household to help students understand the national debt.
By the end of this section, you will be able to:Discuss the importance of studying economicsExplain the relationship between production and division of laborEvaluate the significance of scarcity
By the end of this section, you will be able to:Discuss the importance of studying economicsExplain the relationship between production and division of laborEvaluate the significance of scarcity
By the end of this section, you will be able to:Discuss the importance of studying economicsExplain the relationship between production and division of laborEvaluate the significance of scarcity
The basics of what price inflation is and how the CPI-U is calculated
Why do we exchange things? In this video, Professor Michael Munger of Duke University explains that exchange helps correct mistakes in the allocation of resources and makes everyone involved happier.
Many have suggested raising taxes on the richest Americans to help offset pay off the national debt. In this video, Professor Antony Davies of Duquesne University uses data to assess how much of a difference taxing the rich would make.
Why did housing prices go up so much from 2000-2006 even though classical supply/demand would not have called for it